Wednesday, March 8, 2017

Bitcoin Trend 09-03-2017

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Bitcoin price achieved clear break to 1169.00 level and settled with a daily close below it, opening the way towards the extension of the bearish correctional wave, targeting 38.2% Fibonacci level at 1089.18 as a next main station.

Therefore, the bearish bias will be preferred in the upcoming sessions supported by the negative pressure that formed by the EMA50, pointing that breaching 1169.00 then 1218.00 levels will stop the current bearish correction and leads the price to regain its main bullish track.

Expected trading range for today is between 1089.18 support and 1200.00 resistance
Expected trend for today: Bearish

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YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS 
TO BUY OR SELL BITCOIN, GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED. 
 Do your own due diligence. 
No one knows tomorrow's price or circumstance. 
 I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader. 
I do not accept responsibility for being incorrect in my speculations on market trend.